Strict Local Regulations may Crush Didi’s Grand Endeavors

Didi Chuxing, the largest ride sharing app in China and valued at more than 35 billion USD, may have just encountered one of the biggest challenges since its inception. On Oct 8th, four major tier-one Chinese cities, including Beijing, Shanghai, Guangzhou and Shenzhen released simultaneously a detailed regulation guideline on ride sharing business in China, where Beijing and Shanghai require the drivers of any online ride-sharing business to be having a local hukou (Chinese household registration) and a local plate,Read more